Stock Technical indicators to notice in CHIQUITA BRAND INTL (CQDN.F)
1- Last bullish trend was from 6.05 $ (4/24/2012) to 6.40 $ (5/2/2012) a 0.35 $ move 2- The current bearish trend started from 6.40 $ at 5/2/2012 and is currently trading at 5.95 $.
4- CQDN.F current resistance level is at 5.95 which is the 127.20 % fibonacci retracement of the last 0.35 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHIQUITA BRAND INTL (CQDN.F) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 6.050 and 6.520,resistance between 6.400 and 6.860, the stock channel is currently supported from below by 5.852 and resisted from above by 6.337.
CHIQUITA BRAND INTL (CQDN.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.610 and 6.360 that was broken down at 6.750 transforming into a resistance line.
CHIQUITA BRAND INTL (CQDN.F) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
CHIQUITA BRAND INTL (CQDN.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 5.95, 6.05, 6.06, 6.12, 6.18, 6.18, 6.23, 6.23, 6.27, 6.32, 6.40, 7.21.
Stock Support levels : 5.83.